Matrixport has applied for a virtual asset trading license from the Hong Kong Securities and Futures Commission (SFC), demonstrating its commitment to regulatory compliance. This move comes as 21 other companies, including Crypto.com and Bixin, are also seeking VA trading licenses. Hong Kong's regulatory environment for digital assets has become more stringent, and failure to comply with licensing regulations can result in fines or imprisonment. Despite this, Matrixport's accurate market predictions and ability to navigate regulatory challenges effectively have contributed to its success in the industry.